Mediterranean-style homes, known for their stucco walls, tumbled stone and wrought-iron accents, are becoming less popular, according to an article by Gabrielle Paluch for The Wall Street Journal.
This 1990s trend may be going out as modern architecture, subdued color palette and a minimalist design takes its place, according to the article.
That being said, going out of style has not made these homes cheap by any means (sorry Mediterranean lovers.)
From the article:
The median list price for a Mediterranean-style home is $750,000—three times higher than the median list price for homes of all styles, according to Realtor.com. But since 2012, list prices of Mediterranean-style homes have remained flat, while median home prices overall rose 25%.
In its examination of four of the most-popular architectural home styles in the U.S.—Mediterranean, modern, Colonial and Victorian—Realtor.com found that Modern homes saw the biggest jump in median asking prices, which rose 37% over four years.
If you own a Mediterranean-style home, don’t worry, your investment is still safe. Jay Kallos, an Atlanta-based architect for luxury home-builder Ashton Woods, said good architecture will always stand the test of time.
